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China Huarong Financial Leasing has inked a newbuilding contract with Wuhu Shipyard for the construction of three diesel-electric chemical tankers. The 6,600 dwt vessels came with a price tag of RMB 133.25m each ($18.5m), with the first unit scheduled for delivery in November 2026 and the remaining two by May 2027. Huarong Leasing is listed …
https://splash247.com/huarong-leasing-signs-for-chemical-tanker-trio-at-wuhu/
https://splash247.com/huarong-leasing-signs-for-chemical-tanker-trio-at-wuhu/Greece’s Capital Maritime has firmed up a pair of 8,800 teu newbuildings in South Korea, lifting its recent containership orders to 20 ships worth nearly $1.6bn. Newbuilding brokers have named the Evangelos Marinakis-led company behind the two LNG dual-fuel units booked for construction at HD Hyundai Samho priced at about $140m. The ships, delivering in …
https://splash247.com/capital-maritime-adds-to-korean-boxship-newbuild-series/
https://splash247.com/capital-maritime-adds-to-korean-boxship-newbuild-series/Abu Dhabi National Oil Company (ADNOC) is boosting its molten sulphur logistics by commissioning a new specialised tanker. Clarksons reports the UAE state-owned energy giant has placed an order with Jiangsu Zhenjiang Shipyard in China for the construction of an 11,000 dwt carrier, scheduled for delivery in 2027. Financial terms have not been disclosed. ADNOC …
https://splash247.com/adnoc-inks-molten-sulphur-carrier-order/
https://splash247.com/adnoc-inks-molten-sulphur-carrier-order/DP World, in partnership with VIMC Container Lines Joint Stock Company (VIMC Lines), has launched a new coastal and river transport service that is said to cut cargo transit times by 70%. The so-called Mekong Express service connects inland port Cai Cui and deepwater port Cai Mep twice weekly, significantly cutting down travel time from …
https://splash247.com/faster-greener-shipping-route-launched-in-vietnam/
https://splash247.com/faster-greener-shipping-route-launched-in-vietnam/Capesize The Capesize market gained notable momentum this week following a slow start largely due to Monday’s UK bank holiday. The Pacific basin was particularly active, supported by solid cargo flow from the miners and a tightening tonnage list, which pushed C5 rates up from $8.25 to $8.85 by week’s end. The Atlantic, especially the ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-gains-strength/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-gains-strength/Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the Commerce Department told exporters to seek licences to export to China, according to trade sources and shipping data.Washington ordered a broad swathe of companies to stop shipping goods…
https://www.marinelink.com/news/us-ethane-exports-china-face-license-526337
https://www.marinelink.com/news/us-ethane-exports-china-face-license-526337A Singapore government-appointed company will develop a subsea interconnector with Singa Renewables, a joint venture between Royal Golden Eagle (RGE) and France's TotalEnergies for low-carbon electricity imports from Indonesia.Singapore Energy Interconnections (SGEI), a company appointed by the Sing
https://www.marinelink.com/news/singapore-totalenergies-collaborate-526338
https://www.marinelink.com/news/singapore-totalenergies-collaborate-526338India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, according to shiptrackers and three trade sources, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.Increased diesel exports from India…
https://www.marinelink.com/news/india-diesel-exports-southeast-asia-may-526340
https://www.marinelink.com/news/india-diesel-exports-southeast-asia-may-526340Russia expects a 50% rise in voyages by foreign vessels using the Northern Sea Route (NSR) along its Arctic coast this year, which Moscow sees as an alternative to the Suez Canal, state-controlled nuclear energy firm Rosatom told Reuters on…
https://www.marinelink.com/news/rosatom-expects-boom-foreign-vessels-526345
https://www.marinelink.com/news/rosatom-expects-boom-foreign-vessels-526345